Perhaps, and bare with me here this is just an idea,
you should not be leading a lifestyle that forces you to "negotiate"
your way out of debt. You are sitting here bashing a company that lent
you money and you are sitting here complaining about the fact that they
did not want to accept half the money you owed as a settlement to the
debt?! Seriously? You were completely to err and the irresponsible
jerk that makes prices go up for the rest of us. YOU are the reason
credit card rates are so high, YOU are the reason mortgage rates are so
high! People like you are no better than the greedy corporate scum you
deal with and I think you deserve each other!

HSBC/RS is on my credit report as an open revolving
account. Yet, I don't have a card. The balance is zero and it's
opened. Should I call them and ask them to close it? My credit is not
very good at this moment. :(

Unregistered

Sub: #7 What is the meaning for mode of ApplicationTue, 09/28/2010 - 23:30

Any words of advice for how one can compell HSBC to report an acct that
was closed 6 yrs ago as closed? It's still showing up on my credit
report as a $25,000 line of open credit (for a furniture store that went
out of business 5 yrs ago).

Unregistered

Sub: #9 I have never had any HSBC account. But a ring of about 75 femalFri, 07/16/2010 - 14:30

I have
never had any HSBC account. But a ring of about 75 females age 30-55 on
the East Coast got my social and have been applying for accounts in
different names vaguely like mine. (I am a 75 year old male in
Colorado). I am trying to get all these hits off my credit record but
HSBC/RS is about the worst. These women (no sexism intended) actually
got $1575 out of Macy's, $1,000 out of Express (women's clothing I
believe) and a $500 gift card at New York and company. Also $835 of
merchandise from Kohl's (who will not even give me the name that was
used with my "social." The best thing to do (if your state provides it)
is to put a freeze on Experian, Equifax and TransUnion. (Must be done 1
by 1).

Mad,
you need to check your credit report. Check as to who now holds the
account. If it is still with corporater receivables, request HSBC to
pull back the account from them. If HSBC agrees to pull back the
account, get the agreement in writing. Then only make payments to HSBC.
Else, after you make payments to HSBC, they may refuse to acknowledge
your payments. However, before making the payments check your credit
report for the account updation. Only after the account get transferred
to the original creditor, can you make the payments.

Quote:

what does HSBC RS stand for on a credit
report

HSBC RS stands for Hong Kong and Shanghai Banking Corporation Retail
Store. If you had any retail store card with HSBC, this can show up on
your credit report. However, if you do not have any such card or
account, you can send in a debt
validation letter to them.

By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.

Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.

Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.

Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.

The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.